For Sale Active

107 E State Street Map / directions

Mancelona, MI

49659 Market info

  • MLS# 321265
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Real Estate One of Alpena and Gaylord

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Business opportunity of a lifetime! This 20,000+ square foot building is located in the heart of northern Michigan, on the corner of high traffic US-131 and M-88. An average of 9000+ cars pass through this intersection daily and this has increased 33% in the past year. This cornerstone building of Mancelona has 3 stories and the possibilities are endless for a creative entrepreneur. It is the perfect place for a much-needed bar/restaurant. There is also the possibility of retail, office and/or multiple apartments in an area with a shortage of rental housing. This building is located in an ''Opportunity Zone'' which offers investors a special break on taxes and capital gains. This historic gem was built in 1908, and has had multiple uses over the years. The main building was a PNC bank

Property Information

Status
Active 
Address
107 E State Street 
City
Mancelona 
Zip
49659 
Year Built
1908 
Subdivision
T30N R6W 
County
Antrim 
Parking
Parking Lot,Paved,Street Parking 

School Information

School District
Mancelona 

Features

Comm. Total Space
20400.00 
Zoning
commercial 
Water
Master, Municipal 
Sub Property Type
Business Op 
Cooling
Central Air, Forced Air, Hot Water, Natural Gas 
Heating
Central Air, Forced Air, Hot Water, Natural Gas 

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  • Market Statistics
  • Property History
  • Schools Information
  • Local Business
Market Statistics
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
321265 Nov 14 2019 9:20AM $330,000 $400,000 93
460232 Active Sep 18 2019 2:39AM $400,000 78
321265 Active Sep 4 2019 11:32AM $400,000 93
School Information
Local Business

Learn More About This Listing

Real Estate One of Alpena and Gaylord

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-304-6700

Contact Customer Care

Mon-Fri 9am-9pm Sat/Sun 9am-7pm

248-208-3883

Listing Broker

MIWWLX Logo

Listing Courtesy of Dek Realty
Office Address 6075 Cedar River Road

Real Estate One Family of Companies

107 E State Street Mancelona
Contact us
$330,000
For Sale • Acres: 0.0 • Zoning: commercial